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Coinbases numbers are all vanity metrics and numbers that will not go down even if usage does. Number of wallets isn't number of users. I have a handful mysel

Coinbases numbers are all vanity metrics and numbers that will not go down even if usage does. Number of wallets isn't number of users. I have a handful myself created at various times. MAU figures are universally missing in the Bitcoin world.

ikeboy 11y ago
They have separate numbers for wallets and users.
- sanswork 11y ago
  They still don't require anything more than an email address for either. Given the communities willingness to artificially inflate[1] any metric they can find. I have no faith those numbers are anywhere near real. When they release MAU figures I'll be impressed. [1] reddit.com/r/bitcoin/about/traffic check out the new user subscriptions chart for an idea of what happens when someone shuts off/turns down their bot(It's less easy to see now but new subscriptions were constantly around 250-300 and then they dropped to ~100 overnight)
  - ikeboy 11y ago
    You need to verify phone to actually do much. Does an account that never did anything count?
    - sanswork 11y ago
      Given the whole point of the numbers is vanity and not an accurate representation of usage I would guess it would.
      - ikeboy 11y ago
        Why don't you just accuse them of making up the numbers, then?
        sanswork 11y ago
        I don't think they did make the numbers up. I just think they are useless and chosen because they will always look good. AFAIK Coinbase hasn't been caught faking numbers like Bitpay so as far as I'm concerned the numbers are real but useless as a metric.
ikeboy 11y ago
And you'd need to claim that less than .1% of accounts created are active if you think there are under 1000 accounts. That seems unlikely.
- sanswork 11y ago
  I didn't make that claim. I honestly have no clue what % are active(I've been asking for MAU numbers from a number of bitcoin companies on every bitcoin related forum I participate in for close to a year now with none releasing them) and wouldn't even make a guess though I know there are a lot of former users in the community for a variety of reasons.
  - vanzard 11y ago
    They don't release their MAU numbers not because they want to hide things, but because it really is a sensitive business metric.
    - sanswork 11y ago
      Which they want to hide. If it was showing anywhere near as good of numbers as their wallet or user counts you can bet it would be released tomorrow. For a company that accidentally released something similar look at Bitpay which had staff bragging for the first half of last year about how they were doing $1m a day in processing only to release their 2014 EOY figures showing an average which was less than half of that.
      - vanzard 11y ago
        It is very common for companies to not release MAU numbers especially in their initial years, even if they are being very successful. I challenge you to find Gmail's MAU numbers released in the first 3 years of its existence. If you can't understand why MAU is a sensitive metric, then yeah I understand why you make up theories in your head why they must be "covering up" something.
        11y ago

ikeboy 11y ago

They have separate numbers for wallets and users.

sanswork 11y ago
They still don't require anything more than an email address for either. Given the communities willingness to artificially inflate[1] any metric they can find. I have no faith those numbers are anywhere near real. When they release MAU figures I'll be impressed. [1] reddit.com/r/bitcoin/about/traffic check out the new user subscriptions chart for an idea of what happens when someone shuts off/turns down their bot(It's less easy to see now but new subscriptions were constantly around 250-300 and then they dropped to ~100 overnight)
- ikeboy 11y ago
  You need to verify phone to actually do much. Does an account that never did anything count?
  - sanswork 11y ago
    Given the whole point of the numbers is vanity and not an accurate representation of usage I would guess it would.
    - ikeboy 11y ago
      Why don't you just accuse them of making up the numbers, then?
      - sanswork 11y ago
        I don't think they did make the numbers up. I just think they are useless and chosen because they will always look good. AFAIK Coinbase hasn't been caught faking numbers like Bitpay so as far as I'm concerned the numbers are real but useless as a metric.

ikeboy 11y ago

And you'd need to claim that less than .1% of accounts created are active if you think there are under 1000 accounts. That seems unlikely.

sanswork 11y ago
I didn't make that claim. I honestly have no clue what % are active(I've been asking for MAU numbers from a number of bitcoin companies on every bitcoin related forum I participate in for close to a year now with none releasing them) and wouldn't even make a guess though I know there are a lot of former users in the community for a variety of reasons.
- vanzard 11y ago
  They don't release their MAU numbers not because they want to hide things, but because it really is a sensitive business metric.
  - sanswork 11y ago
    Which they want to hide. If it was showing anywhere near as good of numbers as their wallet or user counts you can bet it would be released tomorrow. For a company that accidentally released something similar look at Bitpay which had staff bragging for the first half of last year about how they were doing $1m a day in processing only to release their 2014 EOY figures showing an average which was less than half of that.
    - vanzard 11y ago
      It is very common for companies to not release MAU numbers especially in their initial years, even if they are being very successful. I challenge you to find Gmail's MAU numbers released in the first 3 years of its existence. If you can't understand why MAU is a sensitive metric, then yeah I understand why you make up theories in your head why they must be "covering up" something.
      - 11y ago